Qantas' plan to keep away from Virgin | Chemist Warehouse's healthy dose of profit | Wisetech's wipeout

Qantas half-year underlying profits hit nearly $1.5 billion as it plans to shake up its Frequent Flyer program to keep customers loyal Chemist Warehouse’s parent Sigma has posted an 18.7% earnings jump… and clearly it hasn’t taken its foot off the pedal since going public WiseTech Global plans to…

Triple M and Channel Seven face the music | Black Friday hits Adore Beauty's bottom line | Trump eyes 15% tariffs

Southern Cross Media suffered a 17% drop in profit in its first result since merging with Seven West Media… but its CEO didn’t deliver the update. Adore Beauty’s profit has faceplanted 70% after Black Friday blowout… but it’s betting on bricks and mortar to save its glow. Donald Trump has promise…

Aussie startup exits for $1.6 billion | Guzman y Gomez slows down US plans | eBay acquires Depop for Gen Z

Aussie health-tech startup Eucalyptus has been snapped up for $1.6 billion by Hims & Hers, its US-equivalent… in one of the biggest health-tech exits for a while Guzman y Gomez shares fall 10% after it warns investors to be patient with its US losses eBay has dropped $1.2 billion USD to acquire s…

Bunnings to the rescue | Zip shares plunge 33% | Telstra rings in the revenue

Wesfarmers posts a $1.6 billion profit jump as Bunnings and lithium carry the load… but Officeworks runs low on black ink. Zip Co, the buy now pay later, saw its shares crash more than 33% yesterday in one of the biggest selloffs this reporting season. Telstra has seen its profits jump 8% as it h…

Coles accused of 'utterly misleading' customers | SEEK exits Employment Hero | Sushi Sushi has a new owner

Coles has been taken to court by the ACCC for ‘utterly misleading’ consumers on grocery prices. SEEK is putting its stake in Employment Hero up for sale… ending an eight year startup partnership right after their courtroom drama. Sushi Sushi has been snapped up by Japan’s Genki for $160 million, …

Barbeques Galore burns out | Breville brews $1.1 billion in revenue | Kraft Heinz cancels breakup plan

Barbeques Galore has entered receivership, putting 500 jobs on the line as liquidity issues leave Australia’s biggest BBQ retailer fighting for survival. Breville’s premium coffee boom has seen revenue pass  $1.1 billion, even as US tariffs keep profits flat. Kraft Heinz has scrapped its planned …

ANZ's profit spikes after job cuts | Temple & Webster gets punished for discounts | Hasbro & Mattel - same forecast, different fate

ANZ’s profit jumps 6% to $1.94 billion after 3,500 job cuts under its new ANZ 2030 strategy. Temple & Webster’s share price plummeted 30% but it’s promising to double down on discounts to chase Ikea and Harvey Norman. Hasbro and Mattel have both warned of a slowdown in the toy market, but their s…

Seek's $365 million write-down | Jeep owner cops multi-billion dollar EV hit | Ozempic upends The Man Shake

Seek has written down its investment in Chinese jobs portal Zhaopin by $365 million after the company’s poor performance. Stellantis, the owner of Jeep and Chrysler, saw its shares plummet 30% after its mega-investment in electric vehicles failed to pay off. The private equity owners of The Man S…

Investors brace for Capital Gains Tax changes | Atlassian’s AI problem | KPMG ships jobs offshore

The government is eyeing a major shake-up of the capital gains tax discount, and investors might be about to feel the pain. Atlassian’s share price fell 5% despite a double-digit growth in revenue as investors get worried that AI will eat its entire business up…for breakfast! KPMG is planning to …

RBA hikes the cash rate...with more to potentially come | Musk's SpaceX acquires Musk's xAI | Hollywood's sequel strategy is failing

The RBA has hiked the cash rate by 0.25% after the latest inflation numbers keep growin and growin and growin. Elon Musk’s SpaceX has acquired Elon Musk’s xAI as he looks to unify his AI and space ambitions. Hollywood’s betting the house on sequels and superheroes… but even franchises might not s…